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CONI vs TSDD

GraniteShares 2x Short COIN Daily ETF

CONICNasdaq

GraniteShares 2x Short TSLA Daily ETF

TSDDANasdaq

Overlap

Expense ratio

TSDD −0.73pt a year

CONI1.71%TSDD0.98%

Avg volume · 30D

TSDD 41.8×the volume

CONI263KTSDD11M

CONI vs TSDD Performance

Oct 31, 2025 – Nov 2, 2026

+11.2%CONI−26.1%TSDD

Oct 31, 2025 to Nov 2, 2026. CONI +11.2%. TSDD −26.1%. Use the arrow keys to read each point.100%200%300%Oct 2025May 2026Nov 2026
Expense ratio
CONI 1.71%
TSDD 0.98%, better
Fund size
CONI $10M
TSDD $30M
1Y total return
CONI +11.2%, better
TSDD −26.1%
Yield (12M)
CONI 1.51%
TSDD 10.76%, better
Holdings
CONI 1
TSDD 1
Avg volume (30D)
CONI 263K sh
TSDD 11M sh, better
NAV per share
CONI $36.53
TSDD $6.18
52W range

ETF.net Grade

CONI: Cost 7, Risk 56, Mission 95, Tradability 55, Holdings not scored, Durability 57. TSDD: Cost 94, Risk 49, Mission 98, Tradability 81, Holdings not scored, Durability 72.
Pillar letters and Scores for CONI, TSDD, with each pillar’s weight
PillarCONITSDD
Cost30% weightF7A94Higher
Mission25% weightA95A98Higher
Risk15% weightB56HigherC49
Tradability15% weightB55A81Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB57A72Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CONI and TSDD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

TSDD ranks 2nd and CONI 23rd of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 22BIREZTradr 2X Short IREN Daily ETFScore 55
  5. Rank 23CCONIGraniteShares 2x Short COIN Daily ETFScore 50
  6. Rank 23CMUZDefiance Daily Target 2X Short MU ETFScore 50

Our read on each fund

ETF.net Research

CONICGraniteShares 2x Short COIN Daily ETF

TSDDAGraniteShares 2x Short TSLA Daily ETF

In short

CONI The heavier short on Coinbase. CONI aims for -2 times COIN's move each day, where most single-stock bear funds stop at -1x. Cost is 1.15% net of a waiver through December 31, 2026, and the exposure resets daily.

TSDD Tesla bears pick their dosage; this is the double. TSDD aims for -2x TSLA's move each day, reset daily, at 0.95% net of a waiver through December 31, 2026. Designed as a short-term tool, not a buy-and-forget holding.

Stated mandate

CONI The Fund seeks daily inverse results equal to -2 times the daily percentage change of Coinbase Global Inc.

TSDD The fund seeks daily results before fees and expenses equal to negative 200% of the daily percentage change in Tesla's common stock. It is designed as a short-term inverse leveraged vehicle.

Why people hold it

  • CONI Aims for -2 times Coinbase's daily move, double the inverse exposure of the 1x bear funds that fill most of the single-stock shelf (AAPD, TSLS, SKHZ).
  • 1.15% net of a waiver through December 31, 2026, below the typical fee in its category. Gross is 2.11%.
  • Short Coinbase exposure inside a 1940 Act ETF: no margin account, no shares to locate and borrow, bought and sold like any stock.graniteshares.com
  • Has hewn closely to its stated daily -2x target since launching in 2024, one of the stronger implementations in its peer group.
  • TSDD 0.95% net of a waiver through December 31, 2026 (1.13% gross) undercuts fellow 2x short Tesla fund TSLZ at 1.05% and matches 1x bear TSLS at 0.95%, for double the daily exposure.
  • Hews closely to its stated -2x daily target, one of the tighter implementations among single-stock bear funds.
  • Heavily traded for an inverse single-stock fund, so getting in and out is rarely a chore.
  • A 1940 Act ETF that uses swaps and options on TSLA to sit near 200% short at each close: no margin account or stock borrow on your end.graniteshares.com

Worth knowing

  • CONI The -2x applies to a single day. Hold longer and compounding can push results well away from -2x COIN's move over that stretch.
  • The waiver runs out December 31, 2026; gross is 2.11%, so the cost picture hinges on renewal.
  • A small fund and only moderately traded, so spreads and order timing matter more here than with the busiest bear funds.
  • TSDD The -2x target resets every day. Hold longer and compounding pulls results away from -2x TSLA's cumulative move, in either direction.graniteshares.com
  • One stock, geared twice: a sharp TSLA rally bites just as hard in reverse. Risk is the highest-octane part of this package.
  • A small fund, and the fee waiver runs through December 31, 2026; after that costs can step up toward the 1.13% gross level.

Full CONI profile⁠

Full TSDD profile⁠

CONI vs TSDD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CONI vs TSDD Cost

Overpaying CONI vs TSDD

$10,813

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CONI 1.71%

    $29,175

  • TSDD 0.98%

    $18,362

$10,000
30 years

Cost over time

  • CONI 1.71%
  • TSDD 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530CONI $29,175TSDD $18,362

Year by year

YearCONITSDDOverpaying
10$2,927$1,729$1,198
20$10,659$6,504$4,155
30$29,175$18,362$10,813

Expense ratio

  • 1.71%CONI
  • 0.98%TSDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

TSDD 5th cheapest of 43 funds

CONI 39th cheapest of 43 funds

CONI vs TSDD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
CONI 1.51%
TSDD 10.76%, better
Payout (12M)
CONI $0.60
TSDD $0.65
Last payment
CONI $0.60
TSDD $0.65
Ex-dividend
CONI Dec 29, 2025
TSDD Dec 29, 2025
Paid on
CONI Dec 31, 2025
TSDD Dec 31, 2025
Frequency
CONI Annual
TSDD Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

CONIAnnual · 2 paymentsAll CONI payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2024 $3.29; Dec 29, 2025 $0.60. Use the arrow keys to read each point.$0$5020232026YTD
TSDDIrregular · 2 paymentsAll TSDD payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 27, 2023 $77.34; Dec 29, 2025 $0.65. Use the arrow keys to read each point.$0$5020232026YTD

CONI vs TSDD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CONI 112.3%since Oct 2024TSDD 100.6%
Return per unit of riskSharpe ratio, 3 years
CONI −0.46since Oct 2024TSDD −0.87
Worst fallMax drawdown, 5 years
CONI −96.2%since Sep 2024TSDD −99.1%since Aug 2023
Market sensitivityBeta, 5 years
CONI −4.23TSDD −2.40

Popular comparisons

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    GraniteShares 2x Short COIN Daily ETF · Direxion Daily AAPL Bear 1X ETF

    Expense ratio
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    Category
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  • TSDDAvsAAPDA

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  • CONICvsTSLSA

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  • TSDDAvsTSLSA

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    0.98% · 0.95%
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